Chief Minister Siddaramaiah, who holds the finance portfolio, has sanctioned Rs. 2,727 crore for these projects. The rest is expected to come through various State government schemes, loans from Japan International Cooperation Agency (JICA) and grants under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM).

BBMP

The Bruhat Bangalore Mahanagara Palike (BBMP) will take up projects worth Rs. 2,160 crore for which the government has sanctioned Rs. 1,527 crore under the Nagarothana Scheme, grants from the 13 Finance Commission and State Finance Commission, Lake Development Scheme and Chief Minister’s Special Grant Scheme. The BBMP will have to mobilise the rest through its own resources.

BDA

The Bangalore Development Authority (BDA) will execute projects worth Rs. 7,316.86 crore, most of which will be taken up with JNNURM funds and assistance from JICA. The budget has allocated Rs. 1,200 crore to the BDA to construct an elevated corridor from Basaveshwara Circle to Hebbal Junction (Rs. 1,100 crore), to develop 39 lakes and for afforestation (Rs. 100 crore).

BWSSB

The Bangalore Water Supply and Sewerage Board (BWSSB) is expected to take up several projects, but funds have not been allocated in the budget. The board is expected to prepare a detailed project report (DPR) to supply water to 110 villages in BBMP limits. It will replace 74 km of sewerage lines with 50 per cent funding from the Megacity Revolving Fund of the Karnataka Urban Infrastructure Development Finance Corporation (KUIDFC).

The Chief Minister announced that the Peenya–Sampige Road line will be commissioned shortly while Phase 1 of Namma Metro is scheduled for completion by March 2015.

The budget proposes to take up Phase 2, covering 72.1 km and comprising 61 stations, at a cost of Rs. 26,405 crore. The Centre has already given its nod for the same, he added.

BANGALORE: With its landlocked area, competitive property rentals and infrastructure initiatives, Bangalore is an attractive destination for occupiers. While the Peripheral Business Districts (PBDs) of Outer Ring Road (ORR) and Whitefield have been performing well, more recently, north-east and north Bangalore have come into prominence.

BANGALORE: The police on Friday formed two teams to investigate into the murder of two Bangalore-based realtors whose bodies were found with heads severed in Kollegal forest of Chamrajanagar district on Tuesday.

BANGALORE: With its landlocked area, competitive property rentals and infrastructure initiatives, Bangalore is an attractive destination for occupiers. While the Peripheral Business Districts (PBDs) of Outer Ring Road (ORR) and Whitefield have been performing well, more recently, north-east and north Bangalore have come into prominence.

BANGALORE: Global real estate services firm Jones Lang LaSalle Indian arm has raised Rs. 161 crore through its first fund focused on residential sector in India, a development that marks a cautious return of risk capital to the country's beleaguered property market.

BANGALORE: The new land acquisition law that came into force on January 1 has sweetened the deal for landlords who may have to give up a portion of their property or land for public sector infrastructure projects in Bangalore city.

BANGALORE: The long wait to get a site in layouts developed by Bangalore Development Authority (BDA) may finally be over: The authority plans to invite applications for 5,000 sites in Kempegowda Layout from March this year.